Are you wondering about the best way to write functional requirements for an Energy Trading and Risk Management (ETRM) system? Before you begin to write out your Request for Proposal
Energy trading and risk management (ETRM) software has evolved significantly over the past decade. Disruptive change in the energy industry makes it more vital than ever to have an
In previous blog posts, we’ve discussed the role of natural gas in electricity price formation. Natural gas-fired power plants can ramp up and down during each operational day, so they
Whether you’re new to the energy industry and learning the ropes or just want to reacquaint yourself with the basics, this blog post will walk you through what ETRM software
When it comes to regulated utilities, innovation must be made in the U.S. electricity market for significant progress to evolve.
For decades, Integrated Resource Planning (IRP) has been a foundational cornerstone of the utility outlook for the future.
While living during a global pandemic, we are now experiencing skyrocketing electric bills! Rising electric bills pose a variety of challenges.
The energy industry is undergoing significant changes, especially in its generation portfolio. As a result, the framework and terms (e.g., prices, maintenance, min/max limits, etc.) embedded in Power Purchase Agreements
When it comes to reducing risk and maximizing value, the most successful market participants do much more than just bid load and offer generation into the day ahead (DA) market.
Not so long ago, post-analysis work in RTO/ISO markets was a forensic activity performed days “after-the-fact” designed essentially to: Highlight bad data; Reconcile RTO/ISO statements; Pay bills After that, let
Decentralization. The transformation from fossil fuel-based, centralized power supply to renewably resourced, decentralized energy distribution is one of the primary factors impacting future GENCO resource mix decisions. Long-term resource planning
Remember the “square peg/round hole” scene in the movie Apollo 13? “We gotta find a way to make this fit into the hole for this using nothing but that.” The
PCI’s third post in our blog series, “7 Habits of Highly Effective GENCOs”, continues by discussing the operation and bidding of complex assets, their increasing utilization, and the inexorable move
Maintenance schedule optimization can be a full-time job, especially with a large, diverse portfolio. It’s a fluid process, and the inputs are coming from multiple sources, including the market, fuel
If you’re a power trader or portfolio manager, your mornings are crazy busy. You probably start the day before 6 a.m., so if you weren’t already an early riser, you